Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) Trading Down 6.1% – Here’s Why

Direxion Daily GOOGL Bull 2X Shares (NASDAQ:GGLL) were down 6.1% on Friday . The stock traded as low as $102.80 and last traded at $104.16. 351,016 shares traded hands during trading, a decline of 76% from the average daily volume of 1,451,270 shares. The stock had previously closed at $110.90.

Direxion Daily GOOGL Bull 2X Shares Stock Down 4.4%

The company has a market cap of $1.02 billion, a P/E ratio of 17.77 and a beta of 2.24. The company has a fifty day moving average of $124.23 and a 200 day moving average of $108.04.

Direxion Daily GOOGL Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.5806 dividend. This represents a $2.32 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Investors Weigh In On Direxion Daily GOOGL Bull 2X Shares

A number of large investors have recently made changes to their positions in the company. Group One Trading LLC increased its position in shares of Direxion Daily GOOGL Bull 2X Shares by 22.6% during the 2nd quarter. Group One Trading LLC now owns 5,898 shares of the company’s stock valued at $205,000 after purchasing an additional 1,087 shares during the last quarter. TRUE Private Wealth Advisors lifted its stake in shares of Direxion Daily GOOGL Bull 2X Shares by 1.0% in the 3rd quarter. TRUE Private Wealth Advisors now owns 13,797 shares of the company’s stock worth $871,000 after purchasing an additional 139 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the third quarter worth approximately $204,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the third quarter worth approximately $217,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Direxion Daily GOOGL Bull 2X Shares in the third quarter worth approximately $498,000.

About Direxion Daily GOOGL Bull 2X Shares

The Direxion Daily GOOGL Bull 1.5X Shares ETF (GGLL) is an exchange-traded fund that is based on the Alphabet Inc Class A index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Google stock. GGLL was launched on Sep 7, 2022 and is managed by Direxion.